Free Top Stories

How do high gas prices push up the cost of power?

10 August 2022

Russian supply woes have driven European gas prices to previously unimaginable levels, but why are electricity prices so high?

Russian gas exports to Europe tumble in June

10 August 2022

Russian exports of gas to Europe have tumbled by two thirds, but oil exports by sea have recovered to pre-war levels, according to the European Central Bank’s latest economic bulletin.

Serbia to crack down on environmental crime

9 August 2022

Interior minister warns those who destroy Serbia’s natural heritage will be prosecuted after new environmental crime unit files hundreds of criminal reports.

Russia cuts oil flow via Ukraine's Druzhba pipeline, blaming sanctions for blocking transit payments

9 August 2022

Cut-off will hit the Czech Republic, Hungary and Slovakia hardest, as they rely heavily on imports via the Druzhba pipeline.

AsianOil: Petronas partners with South Korean firms on CCS opportunities

9 August 2022

Malaysia’s Petronas said on August 2 that it had signed a memorandum of understanding (MoU) with six South Korean companies that will see them collaborate on carbon dioxide (CO2) capture, transport and storage.

NorthAmOil: Freeport LNG to resume operations in October

9 August 2022

A US regulator has given approval for Freeport LNG to partially resume operations following an explosion and a fire in June.

End of Vienna talks means US, Iran political approvals now needed to revive nuclear deal

8 August 2022

And there’s no guarantee they will be forthcoming.

LatAmOil: Perenco steps up efforts to collect settlement from Ecuador

8 August 2022

Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.

AfrOil: Namibian court denies NGOs’ request for Kavango exploration halt

8 August 2022

The High Court of Namibia has ruled that Canada's Reconnaissance Africa (ReconAfrica) and its local partner NAMCOR may proceed with exploration work at in the Kavango basin.

Bulgaria’s caretaker government mulls new long-term contract with Gazprom

7 August 2022

Suspicions President Rumen Radev picked new cabinet to bring Bulgaria back into the Russian orbit.

OPEC+ tiny production increase is a slap in face for Biden

4 August 2022

Arab oil exporters responded to a visit by US President Joe Biden to the region in July with the smallest increase in quotas in history – just 100,000 barrels per day at an OPEC+ meeting in Vienna on August 3.

COMMENT: Does Russia have any friends left in Southeast Asia?

4 August 2022

The geopolitical earthquake that is the Russian invasion of Ukraine has clearly strengthened alliances between Russia and China, but the war has wrecked trade relations in SE Asia and most countries are trying not to take sides.

Afghanistan pays electricity debts to Uzbekistan but still owes Tajikistan

3 August 2022

Both have long-duration electricity supply agreements signed before the Taliban returned to power.

EU gas imports from Russia in charts

2 August 2022

The Bruegel think-tank has published a set of interactive charts that show very clearly how Russian gas imports to Europe this year are well below the historical average.